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金德摩根（KMI）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是金德摩根的1.6倍（$7.7B vs $4.8B），金德摩根净利率更高（20.7% vs 0.8%，领先19.9%），金德摩根同比增速更快（13.8% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 22.6%）
金德摩根是北美规模最大的能源基础设施企业之一，核心业务为油气管道、能源储运终端的持有与运营管理，服务网络覆盖北美主要油气产区及消费市场，为能源产业提供稳定可靠的基础设施配套服务。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
KMI vs SW — 直观对比
营收规模更大
SW
是对方的1.6倍
$4.8B
营收增速更快
KMI
高出13.1%
0.7%
净利率更高
KMI
高出19.9%
0.8%
两年增速更快
SW
近两年复合增速
22.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $7.7B |
| 净利润 | $1.0B | $63.0M |
| 毛利率 | — | 16.4% |
| 营业利润率 | 29.9% | 3.3% |
| 净利率 | 20.7% | 0.8% |
| 营收同比 | 13.8% | 0.7% |
| 净利润同比 | 36.1% | — |
| 每股收益（稀释后） | $0.44 | $0.12 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收KMISW
| Q1 26 | $4.8B | $7.7B | ||
| Q4 25 | $4.0B | $7.6B | ||
| Q3 25 | $3.7B | $8.0B | ||
| Q2 25 | $3.6B | $7.9B | ||
| Q1 25 | $3.9B | $7.7B | ||
| Q4 24 | $3.6B | $7.5B | ||
| Q3 24 | $3.3B | $7.7B | ||
| Q2 24 | $3.2B | $3.0B |
净利润KMISW
| Q1 26 | $1.0B | $63.0M | ||
| Q4 25 | $996.0M | $97.0M | ||
| Q3 25 | $628.0M | $246.0M | ||
| Q2 25 | $715.0M | $-28.0M | ||
| Q1 25 | $717.0M | $384.0M | ||
| Q4 24 | $667.0M | $146.0M | ||
| Q3 24 | $625.0M | $-150.0M | ||
| Q2 24 | $575.0M | $132.0M |
毛利率KMISW
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率KMISW
| Q1 26 | 29.9% | 3.3% | ||
| Q4 25 | 34.0% | 5.1% | ||
| Q3 25 | 28.6% | 6.6% | ||
| Q2 25 | 31.9% | 3.2% | ||
| Q1 25 | 29.6% | 7.2% | ||
| Q4 24 | 31.0% | 5.3% | ||
| Q3 24 | 30.9% | 0.7% | ||
| Q2 24 | 32.3% | 8.2% |
净利率KMISW
| Q1 26 | 20.7% | 0.8% | ||
| Q4 25 | 24.8% | 1.3% | ||
| Q3 25 | 16.9% | 3.1% | ||
| Q2 25 | 19.8% | -0.4% | ||
| Q1 25 | 18.6% | 5.0% | ||
| Q4 24 | 18.7% | 1.9% | ||
| Q3 24 | 19.0% | -2.0% | ||
| Q2 24 | 17.9% | 4.4% |
每股收益（稀释后）KMISW
| Q1 26 | $0.44 | $0.12 | ||
| Q4 25 | $0.45 | $0.18 | ||
| Q3 25 | $0.28 | $0.47 | ||
| Q2 25 | $0.32 | $-0.05 | ||
| Q1 25 | $0.32 | $0.73 | ||
| Q4 24 | $0.30 | $-0.12 | ||
| Q3 24 | $0.28 | $-0.30 | ||
| Q2 24 | $0.26 | $0.51 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $72.0M | — |
| 总债务越低越好 | $31.9B | $980.0M |
| 股东权益账面价值 | $32.6B | $18.1B |
| 总资产 | $73.1B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资KMISW
| Q1 26 | $72.0M | — | ||
| Q4 25 | $63.0M | $892.0M | ||
| Q3 25 | $71.0M | $851.0M | ||
| Q2 25 | $82.0M | $778.0M | ||
| Q1 25 | $80.0M | $797.0M | ||
| Q4 24 | $88.0M | $855.0M | ||
| Q3 24 | $108.0M | — | ||
| Q2 24 | $98.0M | $26.8K |
总债务KMISW
| Q1 26 | $31.9B | $980.0M | ||
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益KMISW
| Q1 26 | $32.6B | $18.1B | ||
| Q4 25 | $31.2B | $18.3B | ||
| Q3 25 | $30.7B | $18.4B | ||
| Q2 25 | $30.8B | $18.3B | ||
| Q1 25 | $30.6B | $17.9B | ||
| Q4 24 | $30.5B | $17.4B | ||
| Q3 24 | $30.4B | $18.0B | ||
| Q2 24 | $30.3B | $14.5K |
总资产KMISW
| Q1 26 | $73.1B | $45.2B | ||
| Q4 25 | $72.7B | $45.2B | ||
| Q3 25 | $72.3B | $45.6B | ||
| Q2 25 | $72.4B | $45.7B | ||
| Q1 25 | $72.3B | $44.6B | ||
| Q4 24 | $71.4B | $43.8B | ||
| Q3 24 | $70.9B | $45.0B | ||
| Q2 24 | $70.7B | $26.8K |
负债/权益比KMISW
| Q1 26 | 0.98× | 0.05× | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $204.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 16.7% | — |
| 现金转化率经营现金流/净利润 | — | 3.24× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流KMISW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.6B | $829.0M | ||
| Q1 25 | $1.2B | $235.0M | ||
| Q4 24 | $1.5B | $781.0M | ||
| Q3 24 | $1.2B | $320.0M | ||
| Q2 24 | $1.7B | $340.0M |
自由现金流KMISW
| Q1 26 | — | — | ||
| Q4 25 | $872.0M | $612.0M | ||
| Q3 25 | $621.0M | $523.0M | ||
| Q2 25 | $1.0B | $307.0M | ||
| Q1 25 | $396.0M | $-242.0M | ||
| Q4 24 | $738.0M | $212.0M | ||
| Q3 24 | $592.0M | $-192.0M | ||
| Q2 24 | $1.1B | $163.0M |
自由现金流率KMISW
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 8.1% | ||
| Q3 25 | 16.7% | 6.5% | ||
| Q2 25 | 27.8% | 3.9% | ||
| Q1 25 | 10.3% | -3.2% | ||
| Q4 24 | 20.7% | 2.8% | ||
| Q3 24 | 18.0% | -2.5% | ||
| Q2 24 | 34.4% | 5.5% |
资本支出强度KMISW
| Q1 26 | 16.7% | — | ||
| Q4 25 | 20.4% | 7.7% | ||
| Q3 25 | 21.3% | 7.6% | ||
| Q2 25 | 17.9% | 6.6% | ||
| Q1 25 | 19.8% | 6.2% | ||
| Q4 24 | 21.6% | 7.5% | ||
| Q3 24 | 20.0% | 6.7% | ||
| Q2 24 | 18.1% | 6.0% |
现金转化率KMISW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 1.70× | 12.32× | ||
| Q3 25 | 2.25× | 4.61× | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | 1.62× | 0.61× | ||
| Q4 24 | 2.26× | 5.35× | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.93× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
